Search IPOs
Subscription Status · Dec 10 – Dec 12, 2025 · ₹12–12
The Shipwaves Online IPO subscription has recorded adequate investor demand with an overall subscription of 1.64× as of Dec 12, 2025, indicating that investors applied for 1.64 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Dec 12, 2025, 4:15 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
NII
Non-Institutional Investors
|
22,300,000 | 8,060,000 |
0.36×
|
- |
|
Retail
Retail Individual Investors
|
22,310,000 | 65,220,000 |
2.92×
|
- |
|
Total
|
44,610,000 | 73,280,000 |
1.64×
|
- |
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 22,300,000 | 8,060,000 | 0.36× | - |
| Retail | 22,310,000 | 65,220,000 | 2.92× | - |
| Others | 2,350,000 | 2,350,000 | 1.00× | - |
| Total | 44,610,000 | 73,280,000 | 1.64× | - |
As of December 12, 2025, the Shipwaves Online IPO has been subscribed 1.64 times overall. The IPO is fully subscribed.
The Shipwaves Online IPO subscription window was open from December 10, 2025 to December 12, 2025. Investors could apply through their demat account or ASBA facility.
The Shipwaves Online IPO has a price band of ₹12 to ₹12 per share, with a lot size of 10,000 shares. Minimum retail investment: ₹120,000 (lower band) or ₹120,000 (upper band).
Retail investors subscribed 2.92 times. Retail was offered 22,310,000 shares.
Overall NII: 0.36×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on December 15, 2025. Check via the registrar's website, Cameo Corporate Services Ltd. using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Shipwaves Online IPO is expected to list on December 17, 2025. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 1.64× means investors have bid for 1.64 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 2.92×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Shipwaves Online IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Dec 10 to Dec 12, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Shipwaves Online IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Dec 10, 2025Subscription Closes Done
Dec 12, 2025Basis of Allotment Done
Dec 15, 2025Listing on BSE Done
Dec 17, 2025Better odds than heavily subscribed IPOs. Based on retail subscription of 2.92×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
Share Subscription Card
Download a branded image to share on WhatsApp, Twitter, or Telegram
Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
